Online Forex Trading Course

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In this video:

Today, I’m going to share with you the reasons why I look at and trade multiple time frame charts, using results from just yesterday where we had a fantastic day of performance here at The Forex Trading Coach. So let’s get into that and more right now.

Hey traders! Andrew here at The Forex Trading Coach with video and podcast number 655.

Why do I look at different time frame charts?

A question I get asked by so many people is you’re always talking about different time frame charts. Why is it that you look at those. Why do you not just focus on, say, hour charts or 15 minute charts or 5 minute charts, like unfortunately so many other people tend to do, and there’s a perfect reason for that.

And now, right now, I’m going to put on screen and you should see it right at this point, the results and the performance that I had yesterday. And you can see this is across multiple time frame charts. There’s some daily chart trades there 6 hours and 4 hours. Now just because I’m looking at multiple time frame charts does not mean to say I’m spending hours and hours at the charts, just that, in fact, the complete opposite.

I’ve taken all of those trades just looking at the charts 2 times yesterday and that was it. And because I’m using limit orders, I don’t even need to be there when the orders get filled into the market. And so there are so many advantages.

You never know what the upcoming market conditions will be like.

Because you never know what the conditions in the market are going to be from 1 day to the next, or even 1 trading session to the next.

You have no idea in advance. And the advantage that I find is it gives me so many more options to look through and search for that high quality candle pattern that we’re looking for. And all of the trades that you see on screen were mentioned on our membership site and our forum site for our clients to follow, to learn from and also to earn from.

And it’s really important that you have someone when you’re learning especially or new system to follow from. So you can just see the results that would have happened just yesterday and run through those.

Trade summary and the high reward:risk returns.

On the daily charts. We had the XAU/AUD made a 3.4 to 1 return. So in other words, a 1% risk gave a 3.4% gain.

The GBP/CHF was from the previous day but closed yesterday, made a 3.1 to 1 and so again, those are longer time frame charts. 1) the XAU/AUD was on for in and out within a day, but it was a longer time frame chart. 2: The GBP/CHF took 2 days because it’s a daily chart, that’s what can sometimes happen, but both were high quality. High rewards are trades.

Then we had yesterday the 6 hour chart you would have seen on screen. USD/CHF made a 1.9 to 1, and then we had some 4 hour charts, which were all taken at 5 a.m. New York time. And as well as the 6 hour chart trade was and they were USD/MXN made a 2.7 to 1 the USD/CAD 2 positions, but combined 1% risk over 2.45% gain. We had a loss on the GBP/USD, which would have been 1% if you’re risking 1% and a positive 2.7% on the NZD/USD.

So you can see there the consistency that we had across all time frame charts, the reward to risks were higher. You know, the very lowest was a 1.9. And then they were all in the 2s and then the daily charts were in the 3s.

So in other words making 3% or 2% depending on the, on the trade and a minimum, that was for a 1% risk. Or if you’re risking half of 1%, you’re just literally half that. So it just shows the quality of the trades that we have setting up. But of course, if you’ve gone back to the beginning of the day, we had no idea if they were going to be 4 hour chart trades or 12 or 8s or 30 minutes. You know, it just depends on what showing at the time.

Look at the close of a candle.

But the advantages is, you know, when to look at your charts, because we only trade or look for a new trade on the close of a candle. So it’s really important that you can do that. You know, it was just a great day and it just shows what can be achieved.

Masterclass and new course pricing.

If you’d like to find out more, you can jump on to our masterclass. If you’d like to find out about our new pricing, we’ve changed the pricing. For the 1st time in 17 years, we are now offering a 12 month option. You’re going to get a lifetime access to the the video course support software, etc. but we’re giving 12 month access to our daily trades forum site and our weekly webinars and all recordings.

You’ve got the option to split that payment into 3, or you’ve got the option to just pay a little bit more and you get lifetime unlimited access to absolutely everything forever. So, really good options there.

And if you’re out there looking for a really high quality broker, because it’s important, of course, with your trades and a bit like the the trade yesterday we had on the XAU/AUD, a lot of brokers don’t offer that market.

Blueberry Markets as a Forex Broker.

So Blueberry Markets do. And and we saw those or that trade on Blueberry Markets on their MT5 platform and profited from the trade. And without that of course that was a 3.4 to 1. So 1% risk made a 3.4% gain. Now just imagine if you had known about that trade because we highlighted it, but your broker didn’t offer it.

So that’s another advantage of Blueberry Markets. You know, just a lot of different markets, not just XAU/USD but, you know, gold against multiple other currencies as well. And again, all we’re doing is highlighting the best looking setup.

More choice with more markets to trade.

The golds were looking like they were selling off which if you go and look at your charts they did massively. But the XAU/AUD to me was the best setup that we saw technically. And of course it worked beautifully. And you can’t argue with a 3.4 to 1 reward to risk from a trade that on a daily chart, was in and out of the market and hit profit in a number of hours. So if you’d like to know how we can help you to do the same, jump onto the masterclass or book a call with us.

I’ll put a link here, have a look at that pricing page as well, and any other videos or podcast topics that you have you’d like me to help you out and discuss with in the future. Just send me a personal email, [email protected] and I’ll see you this time next week.

Episode Title: #655: Stop Trading Just ONE Timeframe (Here’s Why)

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In this video:

Do you get frustrated and confused when you see the same candle pattern working sometimes, and then failing the rest of the time? It’s a big issue that a lot of people have when they get into technical trading. And today I’m going to help you to resolve that. So let’s get into it more right now.

Hey there traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 654.

View my Trade of the Week videos.

Now if you watch my trade of the week videos that come through each week, you would see the quality of the trades that we take and we place on a membership site and we take for ourselves, and we help our clients by learning about those patterns and also to earn from those trades.

Now we use candle patterns a lot here at The Forex Trading Coach. In fact, it’s the main item that I look at on my charts when I’m 1st considering a new trade. And we use engulfing candles and outside bars and pin bars.

Most candle patterns do not work.

Now there are hundreds and hundreds of candle patterns. The trouble is, I found when I started that most of them don’t work in the market.

And you know, they are designed for other markets that have like opening gaps and things like that. Now, in the Forex market, I personally find there’s just 3 or 4 candle patterns that I need to look at and focus on and and that’s it. Now of course, over time we’ve developed this to work on cryptos and metals indices, commodities as well.

But predominantly there’s 4 patterns that all shapes that I look for. But let’s say an engulfing candle, which is quite a common, candle that you would know about when the body of a candle engulfs the body of the previous candle. The problem is, is you can’t go out there just looking for every engulfing candle and go, well, Andrew says engulfing candles work or pin bars work and just take every single 1 as a trade.

You can’t do that. It’s going to fail. And that’s why when you go through your charts, you will see some engulfing candles and you go, wow, that’s a brilliant engulfing candle and look what happened. The price went in the perfect direction and it worked a treat. And then you’ll find multiple engulfing candles after that 1 that just if you’d done the same thing and treated it the same day would fail.

And so it becomes very frustrating. And people lose, I suppose, confidence in technical candles and technical charts when they don’t quite know how to interpret them.

Putting the candle in the right context.

So a candle is just the starting point for me. I then need to put it in the right context, which means in the right part of the chart, does it show in the right part?

Does it have some previous indecision? So I’m looking at maybe the previous candle as well. If it’s a bullish engulfing candle has there been a prior downtrend. If the market is flat and then you suddenly get a bullish engulfing can do it has very little relevance. And then always look left and look right. And what I mean by that is if you look left on your chart you will see previous bounce levels.

So let’s say you’re bullish and engulfing candle has bounced off a previous low. And that’s going to add more weight to it. Let’s say if you look left there was a previous uptrend and it hit a resistance level and then bounce back. Went through that and then came back and bounced at that level again. You then have a support resistance flip.

So now you’re starting to add a little bit more context to that trade. The bullish engulfing candle has happened and pulled back and bounced for a reason. Now because it’s off of previous swing high or swing low support resistance level. It could be off the daily pivot point. And then you look to the right and you look to see has it bounced off let’s say a round number.

And I just find it incredible that so few people out there look at the actual price. So you start to put all this together and then you say, okay, is it in the right part of the chart? Is there any obvious barrier that it’s buying into let’s say. And again, you can’t just say what it bounced that support and it’s engulfing candle. Andrew says take a buy. No you can’t do that.

Looking at the market action at the time of the candle pattern.

You know you have to look at the market action at the time. Is there plenty of room for the trade to move? Are you buying directly into maybe another resistance area, another round number? And so just because it’s an engulfing candle, it may not actually work because of something else in the way.

So all these type of things need to get put into context. Likewise. And I’ve said this many, many times or many videos and podcasts just like this 1. Look at the protection of your stop loss. So again use the context use. Have we got a level to the left or with a pricing to the right that’s going to help protect that stop loss position to give your engulfing candle more chance of success.

And we look at other things like divergence etc. like that. And we use Bollinger bands. And there’s other things that we look at to put that candle in the right part of the chart. Has it got stop loss protection? Has it got room to move to the profit target? Is it bouncing at a certain level? Has there been previous indecision?

All those type of things need to come into your decision making at the time of the day, for example. Can be very important as well. What time frame are you on.

Trading with the trend and Strength & Weakness.

And are you are you looking at strength and weakness? You know, just because it’s an engulfing candle. And yes, it may have got room to move, but let’s say it’s trading against like the main strength and weakness of that currency pair for the day.

It might just pull back a little bit and then turn around again and drop. And you look at it and go well there’s a bullish engulfing candle. And it failed. Well maybe there was a reason for that. You know maybe the setup wasn’t quite there. And so you have to add all these pieces of information together to give yourself that best opportunity of a successful trade. And that’s exactly what we do and teach how to do that.

Lifetime access option now available.

Now, you may have seen that we’ve just put together a new pricing structure for the course where we’re giving people the opportunity to join with our daily trades, our webinars and our forum site for 12 months, still unlimited access to the course and the software and email help.

But we’re also offering a lifetime option as well. And we’re offering the 12 month option with 3 split monthly payments to help people in terms of getting in and, you know, splitting the payments up so that they can get into the course straight away, learn it, start making money, and then that will help them with the following 2 payments. So I’ll put a link to that as well if that interests you.

Check out my Masterclass and Book a call.

Our masterclass is available to watch if you’ve not been on that. If you’d like to book a call with 1 of us, you can do that as well and have a chat through your trading and how we can help you to see if we’re right fit for each other.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a really top quality broker, I can highly recommend Blueberry Markets and I’ll put a link to them there. MT5 platforms. Awesome. They’re constantly adding more and more markets to their platform. Really good tight spreads, great people to deal with and withdraw speed to dislike. Really, really fast. Some of the best I’ve ever seen.

So that’s it for this week. Don’t forget, candles are great, but not all candles are equal. So, make sure you are aware of that next time you look at a candle shape or pattern for your trading decision. This is Andrew here at The Forex Trading Coach. I’ll see you this time next week. Bye for now.

Episode Title: #654: Why the SAME Candlestick Pattern Works… Then Fails

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In this video:

So you want to become a trader. But the issue is you don’t know what to trade and when to trade it. I’m going to give you 4 really important points that are going to massively help you. So let’s get into that and more right now.

Hey traders! It’s Andrew here at The Forex Trading Coach of video and podcast number 653.

New to trading and not sure how to proceed?

A lot of people get into trading and they open up their charts. They add lots and lots of indicators. They start taking some random trades. They might fluke it, they might do okay, or they might lose lots on their demo account and then possibly on their live account and they give up.

The issue that I find is that so many people just don’t know what to look at. They don’t know what chance to look at and when to look at them. So I’m going to give you some really important points here that I think will massively help you.

How to organise your charts on your trading platform.

So in terms of what to look at, what I do is I open up all my charts and have them saved on my MT5 platform.

So I open up all the, let’s say, the euro pairs, and I put them all 1 after another. So the euro against the US, against the yen against the Frank, against the pound, against the Aussie, against the Kiwi, Canadian, etc. like that. The same with the British pound pairs, then the Aussie, the Kiwi. Look at the US pairs Canadian pairs.

And so I’ve got them. I can scan through 1 after another. So if we have an example of the euro let’s say. And I’m looking at the EUR/USD and it’s heading up and the EUR/GBP heading up and EUR/JPY heading up. And EUR/CHF heading up. It gives me a fairly good indication that possibly the strength and weakness is with the strength in the euro. So that starts to help. And it gives me a bias that I’m preferring maybe to see buy trades on euro pairs.

I look for a suitable candle pattern.

Secondly, when I scan through those charts, I’m then looking for the candle pattern that I’m looking for. And it’s very easy when you’re looking for let’s say Outside bars and Engulfing bars to go. Yes. No no no no. Yes. No. Like that. So it’s very easy to scan through your charts to be able to see a potential candle pattern.

Does the candle pattern form in the ideal part of the chart?

Thirdly, once I’ve decided which charts are giving me the potential candle pattern, I then need to put a little bit more analysis into that and deep dive into that actual setup and go, okay, so it’s an Engulfing candle. That’s great. But there’ll be lots of engulfing candles all over your charts. You can’t obviously just take every single 1.

So you then need to find tune things a little bit more. And so I then like to look at say is my stop loss protected. So if let’s say it’s a by trade, can I put my stop loss below a certain level, maybe a previous swing low below the pivot point, maybe below a round number to protect it.

And the opposite of that is is my profit target likely to be hit. Are there like, do I need to make a new swing high to get to my profit target? If I do, I probably don’t want to take the trade. Do I need to get just above a new round number for a for the profit? And so if that’s the case, then maybe I should consider just bringing my profit target down below that round number and either a series of highs to the left.

And if my profit target can be below those to give me the high reward to risk that I’m looking for, then that’s a good thing as well. So it’s not only analyzing the candle, it’s putting it into the right part of the chart and then looking. Do you have like some added strength to protect the stop loss? Do you have a likely scenario there that your profit target is going to be hit without needing to make new highs, will get through previous resistance levels, that type of thing as well.

Knowing exactly when to look at your charts.

And then it’s a case of knowing when to look at your charts. You know it’s all well and good saying I’ll just go and look at the euro and EUR/JPY. EUR/USD, etc. but the very easy way around that is to only look at your charts at the close of a candle, and you’ll know when that is, because the charts are the same all year round.

They all work off New York time, so the daily charts are always going to open the New Day at 5 p.m. New York time. Now that may change in your local time depending on where you live in the world. And we’ve just gone through daylight saving here in New Zealand, just moved into summertime. And so in my local time, the daily charts now open an hour later than they did last week.

Now, heading into November when the US clocks change as well, that will then for me locally be another hour on again because the US go back for winter, but it’s still always 5 p.m. New York time. That’s always the same as a constant throughout the year of. That’s when the charts open.

Trading at the beginning of the day, the week and the month.

And so at the beginning of the day, I can look at the daily charts, I can look at the 12 hour charts, 8 hour charts and 6 hour charts, and we do that and we analyze those charts for our clients each day and take trades.

Today being the beginning of the month, I’ve also looked at the monthly charts for the month of October now that September has closed. So it doesn’t matter what time frame chart you’re looking at, it’s all based on the close of the candle. The reason I do that is because it’s set. Nothing’s moving higher or lower the candle is set.

Any indicators that you look at their set, they’re not moving support and resistance levels. You know they’re they’re sort of fixed anyway. But you know anything that you look at once the candle has closed that’s not moving. And therefore you have time to go make your analysis and take your trade decisions.

When does the next 4 Hour chart open?

So if you’re looking at, say, 4 hour charts, and you know that the New day opens at 5 p.m. New York time, you’ll also know that you take 4 hours on top of that. That becomes 9 p.m. New York Times. It’s when the next 4 hour candle will close. If you’re looking at 6 hour charts, you’ll know that it will be 11 p.m. New York time because it starts at 5 and 6 hours, that becomes 11 p.m. So that’s how you can know when to look at your charts. Use strength and weakness.

Look at the candle pattern, then put that candle pattern into perspective. Is it in the right part of the chart? Have you got reasons to protect the trade? Reasons to get out without sort of causing too much in the way of resistance? Does that give you the high reward to risk it? Looking at if you’ve got strength and weakness analysis in your favor and you know when to go and look at the charts. So I hope that those 4 tips help make things easier.

Check out my new Masterclass.

If you’d like to know more details, have a look at my masterclass. I’ll put a link to that here.

Blueberry Markets as a Forex Broker offering multiple markets to trade.

And if you’re out there looking for a really high quality broker, I can highly recommend Blueberry Markets. They have the MT4 and especially the MT5 platform. Lots and lots of markets.

I’ve just looked through gold trades today. There’s gold against 6 pairs. It’s no longer all 6 other currencies. It’s no longer this XAU/USD. You know I’ve taken 8 hour chart trades on XAU/EUR and XAU/SGD. But you know there’s XAU/AUD, XAU/GBP and XAU/JPY, XAU/CHN, you know, lots of other markets as well.

And that’s what I like about Blueberry Markets. You got lots of choice to look for the highest quality patterns, because of course the way that I trade, I don’t really care what market I’m trading or what direction I’m trading or what time frame I’m trading is getting the patterns.

So if you’ve got the ability to look through multiple gold charts and why just restrict yourself to gold against the US. You know, that’s what we used to have in the past with the likes of Blueberry. We’ve got a lot more options there as well.

Book a call with us to help you with your trading.

If you’d like to book a call to speak to myself or 1 of my team to find out about how we can help you with your trading, I’ll put a link to our booking calendar as well.

So that’s it. This is Andrew here at The Forex Trading Coach, and I’ll see you this time next week by for now.

Episode Title: #653: Don’t Take Another Forex Trade Until You Check These 4 Things

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In this video:

Did you know there’s quite a high potential of the perfect economic storm on the way? What are you going to do to make sure that you have safeguarded yourself as best as you possibly can, and to be aware of what’s likely to be happening? Let’s get into that and more right now.

Hey there, Trades! This is Andrew here at The Forex Trading Coach for video and podcast number 652.

The looming economic storm.

Outside on another lovely day here. But I want to talk about the storm that potentially is coming. Not the weather storm but the economic storm. And there’s a lot of quite interesting things likely to be brewing. And it doesn’t really matter where you live in the world.

I think this is probably going to affect so many people and it’s not good. And the purpose of today’s video and podcast is not to scare people, but to make people aware and also to make people wake up to like, what are you going to do to ensure that you ride the storm as best you possibly can? So let’s talk with a few obvious examples of happening right now.

Interest rates are rising.

Interest rates have started rising again here in New Zealand. Have just put them off to put them up in the US and put them up in, I think Australia as well, and, and also Canada and various other countries, and they still talk about them going up further again. So what is that doing. Well potentially that’s making mortgage rates higher.

So certainly here in New Zealand has prices have been dropping for some time. So your price of your house, your value of your house is going down. Yet the cost of servicing your debt is going up. So that’s obviously not good.

Fuel prices are heading up again.

Fuel prices, You know they they went up a while ago. Then they’ve come back a bit around the world and everybody thought oh that was it.

And now this started to go back up again. And when you think about the fuel price and diesel especially, you know, it affects everything we do from transportation to the cost of food and basically everything in our lives. And so when you are in countries say, like here in New Zealand, where our New Zealand dollar rate against the US has been dropping quite a lot when we’re importing things in US dollars, regardless of if that product goes up or not, it’s costing us more money and this will probably affect you depending on where you live in the world in a different way.

So purely as an example from here, the price of fuel, even if it stayed the same, but the New Zealand dollar is dropping against the US. It’s costing us more and more to import that. But now we’re getting that scenario where the price of fuel is going up as well, and the dollar is dropping against the US. It’s a double whammy.

And then you hear, like with the US looking at potentially now stopping a lot of exports of their diesel because they need it, you know domestically and their domestic prices going up. So they’re looking at looking after themselves, which of course that’s what most economies probably should do. And and they’re not so much worried about the exporting of that volume of diesel.

And so that’s likely to put a more pressure on the price of countries that import diesel from other places. So you can see how this is starting to all add up.

You add on top of that the cost of food and the cost of living, you know, going up anyway. And you know, last week we talked on the video and podcast 651 about health and, you know, people not being able to afford, you know, good food or organic food because of the prices.

And to me, what we’re getting right now is probably not even like, you know, the tip of the iceberg. It’s going to get probably just getting higher and higher and higher and getting worse. So you put all this together, you know, what have you got left after your wage and you’re paid for your food and you paid for your mortgage and your transportation.

Probably not much. And if you’re struggling with that now, what’s likely to be, say, in 6 months or a year from now? And that’s what I’m talking about, the perfect storm. Because a lot of these things are outside of our control. And, you know, we can’t help what’s happening globally with interest rates or fuel prices. But we still need to live, you know, we still need to pay mortgages, we still need to buy food, and we still need to move around.

Unemployment increasing and wages not rising.

And this is where I see this big issue coming for people because, you know, unemployment is getting, you know, worse, people are losing jobs. AI potentially is going to, you know, sort of take more and more jobs. And, you know, the the salaries are not great. Wages are not increasing, if at all, but certainly not to the rate that they need to be to cope with this food and fuel, etc.. So I see this as the perfect storm coming, and things are going to get real tough for a lot of people.

Are you waking up to this yet?

So as I mentioned at the beginning, the point of this is not to scare people is to say, let’s wake up and let’s see what’s happening and what can we do about this. And that, again, is where I see trading has been such a great skill.

Now, I’ve sort of said that maybe in 6 months, 12 months time things will be a lot worse. With trading. You cannot get into something new if you’ve not traded and and expect it to solve all your financial problems straight away. It’s not going to. It’s a silly way of getting into it. You’re forcing errors and mistakes, and you’ll probably lose money and give up and blame the broker and forex and me and everybody else but yourself.

Start now and give yourself time to learn.

You need to give yourself some time to learn this, to study it, to practice, to make mistakes. And, you know, not always our market conditions. Good either. You know, we’ve just come out of the northern hemisphere summer in July and August where the market conditions were really tough, you know, really, really hard. We didn’t, you know, have great months ourselves.

We had some good trades and, you know, and also some bad conditions. So we didn’t have a lot of trades. Now we’re starting to see, you know, trades going really well. We just had yesterday. We just had 6 trades posted on our forum site. All 6 were profitable. And today I’m just about to go and take 6 trades on the daily charts and 2 on the 12 hour charts. So there’s lots more happening right now.

Trade when the conditions suit.

So in other words, when the conditions are good for trading, we we take the trades. And you know, hopefully we do well when conditions are not so good. You just need to be steady cautious. And you can’t expect to make money if conditions are not always there. So my point being is give yourself time, get yourself educated, invest in yourself.

Now if you think that investing in yourself today’s expensive, don’t wait till it’s too late and then you’ve got no choice at all. Or you can’t afford to do it. So, prepare when it comes to your health, as I mentioned last week, prepare when it comes to your finances and your future. And that’s where we see good, realistic trading as being such a great way for people to help with passive income.

Don’t fall for the trading hype on social media.

You know, it makes it drives me mad. It makes me kind of sick when I see some of the rubbish out there online on, you know, on social media of, you know, people just praying around in red flash Lamborghinis and France and you know, it’s it’s people get caught up in that, you know, and people don’t have the attention span and the focus unfortunately, very much these days.

And they see that as the way forward. I can promise you, as someone that’s been trading for now, 21 years and teaching for 17, the way forward is to do this properly yourself. Invest in yourself. Take your time to do it properly. Understand the system. Join a community of people who are proven to make this work for themselves.

Trade on your demo account to start with this small account, maybe a bigger account or your prop firms. There’s so many options there to make sure that you beat this upcoming storm that’s coming. I think almost certainly it’s coming. Be prepared. Do something about it today.

Look at www.TheForexTradingCoach.com

If you’d like to find out more, jump on to TheForexTradingCoach.com

And we can certainly help you. This is Andrew Mitchem I see this time next week. Bye for now.

Episode Title: #652: The Perfect Economic Storm Is Building… Are You Ready?

In this video:

Andrew Mitchem

Hey there traders Andrew here at The Forex Trading Coach.

The relationship between health and trading.

Do you know in 21 years have been a full time trader? I’ve never seen herd watched a video or a podcast or seen an e-book ever about health and how it relates to your trading. Now, a few weeks ago, I received an email from Doctor Joe Jacko, who’s been a doctor in the US for over 36 years.

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His methods and his beliefs in health and well-being a massive. And they align with the way that I think as well. It’s something I think is underestimated. And as mentioned, I’ve never seen anybody talk about health and how it relates to your trading, ever. So I jumped on the opportunity to have a chat with Doctor Joe. And I think you’re going to be fascinated by it and our beliefs and how it can help you as a person with your overall health, mental fitness, well-being and how it can relate to your trading success. So let’s jump into it right now. This is weekly video and podcast number 651.

It’s Andrew here at The Forex Trading Coach. And something different for you today.

Dr Joe Jacko introduction.

Really excited by the chat we’re going to have today with Joe Jacko from Columbus, Ohio over in the US. Joe’s a physician and medical doctor. And we’re going to be talking medicine and banking and finance and talking about the press, things that have happened over the last number of years and how we can help you to potentially think a little bit differently to help you with your, your medical and your financial situation.

So welcome along, Joe. Great to have you here.

Dr. Joe Jacko

Yeah. Thank you Andrew, I appreciate the opportunity.

Andrew Mitchem

Yeah. Really looking forward to this because I think we think a line on on many things in life. Joe where.

Dr. Joe Jacko

Would you like to start? Like, hey, before we start, can I just acknowledge your work that you do and bring in timely financial matters to your listeners?

Andrew Mitchem

Yeah. Cool. Thank you.

Dr. Joe Jacko

I appreciate that appreciate it. I hope they continue to give you a good rating so you can continue to do that.

Andrew Mitchem

Yeah. Look, I mean we work hard to make it work for people. You know, we’re real people. We don’t pretend that we’re in some high rise in London or New York where I’m stood here, you know, shorts on, no shoes on, talking to you here, dressed up at the top to make it look a little bit more professional.

But, you know, we’re real people doing real things. So that’s why, you know, I think it works. We’re not we’re not pretending to be something we’re not. Yeah. Joe, maybe if you could give everybody a bit of a background, over what you do, what you found, and what you’d like to discuss in this video and podcast.

Dr. Joe Jacko

Sure. Well, I’m starting my 37th year in clinical practice. And in addition to practicing, what I primarily do now is try to help patients navigate the medical information landscape. I think we all know that there’s some misinformation out there, and I also help patients try to regain control of their health by helping them ask questions of their doctors so they get the most complete information.

Okay. And interesting enough, you know, some of this misinformation out there, it really comes from the profession itself. And people may find it surprised to hear that from a physician or a doctor. But it’s taken me about two thirds of my career to come to that conclusion that sometimes we in the profession are the problem, right?

Are doctors and the medical industry to blame?

Andrew Mitchem

Was there any one particular time or point something happened that made you kind of change?

Dr. Joe Jacko

Yes, there are three. So I wrote a book that kind of goes over all this and it’s called bamboozled, duped and hoodwinked. The keys to escaping the tricks, deceptions and the half truths of the medical industry. And I point to three incidents in the in the book. So one was fairly about halfway through my career. I was given a talk on anabolic steroids.

And as I researched, did I realize that a lot of what we were taught as physicians was not complete and that these steroids, although, you know, I don’t encourage their use, they weren’t nearly as dangerous as we were being taught as physicians. And we were in turn trying to scare our athletes from using it. And then the third incident was really had to do with Covid.

And I just really thought we went off the rails in terms of our ethics. And I had a hard time following the crowd on that one. Yeah, yeah.

Andrew Mitchem

Me too.

Dr. Joe Jacko

And that’s that’s what prompted me to write the book.

Andrew Mitchem

Yeah. Interesting. That’s really interesting. You talk about book, completely different type of topic. But years ago I thought and I said to my wife, I want to write a book called The Ants and the bees. And the reason I wanted to record it, the ants and the bees, is because you get the bees ordering the hard work. The ants order in the hard work, and they’re all following that pattern, that routine.

And I think within society today, more especially now than ever. And like I said, a lot of people kind of woke up during the Covid era, both on that financial and that medical side of things. Everybody just blindly follows what the press say, what the news says. And I don’t know whether it’s they don’t have time or they don’t want to know in terms of looking elsewhere.

We’re not taught to think for ourselves.

Dr. Joe Jacko

Right. Yeah. We’re kind of taught to I think we’re all taught to just kind of blindly follow our leaders and our authorities, and we need to take some time and take a step back and really think for ourselves. And in fact, in the book, I dedicate the book to the independent thinker. And I think that’s the audience that you’re appealing to, the person who will question things and come to their own conclusions.

Andrew Mitchem

Yeah, that’s right. And in finances as well. Like I remember as a kid growing up on the farm, a parent’s used to get like the bank manager coming back in the day when the bank manager turned up at your place and they said, this is what you need to do to get to retirement. And, and I was thinking, even like at ten years old, I was sitting there thinking, that sounds boring.

You know, you’re working and working and working in the hope that you get to 60 or now it’s probably closer to 70. And these days most people are not in a good physical condition. Time to get to 70 to actually go and enjoy that life. And I thought.

Dr. Joe Jacko

Yeah, we’re kind of caught between our age, our, our health and our wealth, and rarely to all three of them lined up to take advantage of the situation.

Andrew Mitchem

Correct. And I think there’s a mindset thing as well. You know, there’s a whole, you know, that whole rat race going on and people are just getting more and more sort of blindly following what they have to do. You know, they get up because of their llamas. They’re so to go to work for someone else, to sit in traffic, to dress really nicely, to please someone else, to come home.

And it’s dark. The kids have been looked after by someone else. They’re tired, they eat rubbish, they go to sleep and repeat and it’s like, surely there’s a better way than this.

Dr. Joe Jacko

Yeah, we’re definitely in a rat race, and I’m sure you probably want your listeners to get their money to work for them instead of them working for their money.

Andrew Mitchem

Yeah, you’re right. And there is that about it. And there’s also the fact that they need to, you know, people want to become independently, you know, sort of able to do this. I think that’s one of the things it’s like, well, if you hand your money over to someone else or these days a robot or AI or something like that, and even if it makes you some money, there’s no mental stimulation.

There’s no like, you know, I will say to my, my traders, you got to control your head, in your heart in trading because obviously it’s finances and emotion. But also I think the positive is if you know what you’re doing and you can invest for yourself and you get a good outcome, how good that makes you feel, because you know, you can continue to do this.

Whereas if you hand your money over, you don’t know what they’re doing with it. Is it? You know what happens when results start going against you? You start getting a bit nervous.

Self-educate yourself and do your own research.

Dr. Joe Jacko

Yeah, you want to work with expert, but at the same time, I think you really want to self educate yourself on regardless of the topic, so that you know what questions to ask your experts, whether it be your financial planner or your your physician. Absolutely. And yeah, you need to be well educated. That’s one of the things I really encourage with my patients.

And in the book is everybody’s got to do their own research. Yes. So that, you know, what questions to ask your physician and make sure you’re getting all the information you need.

Andrew Mitchem

Yeah. I mean, I see the, you know, the supposed healthcare system as not health care system. It’s like, you know, its appeal system and it’s a money system, right? Whereas there’s so many other things that people with a little bit of simple research could go and do to go more natural or look after themselves physically and mentally. I find that with the trading point of view is that, you know, mentally you need to be alert.

Obviously, to do this properly and physically you need to be in good shape because, you know, a lot of people are sitting at a desk all the time, and I think it’s really important that you don’t sit looking at like from a trading point of view at charts all the time. You make your decision. Place your trades, shut the computer off, walk away, do something else.

And I think that whole work life balance can be a, you know, achieved once you know what you’re doing, right?

Dr. Joe Jacko

Yeah. Need some balance. Definitely got to quit sitting as much as we sit.

Andrew Mitchem

I’m standing right now. Yeah.

Dr. Joe Jacko

Well I’m sitting.

Andrew Mitchem

Yeah, no, I stand. I like I said to you, you know, before we started, I wear my blue light blocker glasses at the screen normally, you know, we try to do all these things to look after our health. And what would you suggest in terms of maybe some, you know, tips and tricks for information of people, what they can do to look after the health, maybe differently to what they’re doing now.

Dr. Joe Jacko

Well, you know, we we tend to make everything more complicated than it really is. And a lot of the best advice are things you, grandmother or great grandmother probably told you in terms of getting some exercise, eating moderate eating, a well-balanced diet, handling stress, getting adequate sleep. And so that’s those are the things I would really focus on are more lifestyle.

Now there’s a role for medications and there’s a role for supplements and other types of modalities. And what you really need is a physician or a provider that has a little bit of background in, in all these things, so they can steer you in the right direction for your particular problem. Yeah. One of the problems in the healthcare industry is we’re all of us, regardless of our specialty or discipline.

We’re all kind of siloed in a certain area. So if you go to a surgeon, they’re going to talk to you about surgery. If you go to an internal medicine doctor like myself, we’re going to talk to you about medications. If you go to an acupuncturist, they’re going to talk to you about putting needles in you. And so, you know, you kind of we kind of select out what what we think we want and that determines who we who we see.

Andrew Mitchem

Yeah. That’s interesting, isn’t it? You don’t ever really get that full all round health comment. And like you said, how many times do people go to the doctor and the doctor says, oh, here’s a pill for that. But they never say, oh, what’s your home environment like? Or what food are you eating? Or how much sleep are you getting?

You know that? How much sunshine are you getting? You know, people very rarely get that. In fact, we’ve been frightened to think the sun is bad for us in most cases, right?

Dr. Joe Jacko

Right. So, yeah, we have to you got to get a lot of much information as you can from a wide range of people. And so what I do is try to help them ask the right questions. We have a little cheat sheet that we give our patients on like seven questions that you should ask your doctor. And these questions are designed to number one, you want a doctor that’s going to partner with you, which is at least here in the US, is pretty rare.

We’ve kind of adopted this model here in the US that I’m the doctor, you’re the patient, you’re going to do what I tell you. And if you don’t, you know you’re out the door. Yeah. And I never really saw the value in that. I think the best care is when you were partnering with you, the the patient and doctor are partnering together, working towards a common goal.

Yes. And you know, that requires time. You got to get to know your patient and find out what their interests are and what their needs are and what they’re hoping to get out of their health and their life.

Andrew Mitchem

It’s interesting. I saw a very well known, I won’t mention his name, British doctor and cardiologist who came to New Zealand a few years ago during the whole Covid times, and he did a complete flip in terms of he was very pro, you know, the medical system. And then he saw what was happening and he changed his whole opinion, and he gave a speech not too far away from me here.

And we went to see him. And he said, it’s incredible the amount of there’s a lot of reasons why he thought that doctors are kind of stuck in the system. One is obviously the monetary and the incentive side of things to push certain products. But also, he said, they’re so busy that they just don’t have time to do automated research and, you know, the next person’s waiting and then the next one’s waiting.

You’ve got to get numbers through the door. But also, he said that during their training, the amount of time they spend on nutrition and things like that is like a week out of 5 or 7 years. It’s such a small amount of time.

Dr. Joe Jacko

Yeah, you make a couple of good points. We are so busy doing clerical work, I think we don’t answer up and say, just tell me what to do and I’ll do it. Yeah. So we become these little compliant worker bees. Yes. And so some of that’s our fault though too. So that’s a big problem. So those are two good points that you made there.

Food – the good, bad and the ugly.

Andrew Mitchem

Yeah I thought it was fascinating that he came out with those points. What can people do in terms of like food. You know I was in the States last year for a month on holiday or vacation with my wife. We had some amazing food. I’m a big, you know, barbecue meat eater. I had some great food. And then you look around at some of the packaging food and the volume of food that people have and the man of sugar.

And you look at it and you think, my goodness, that’s a that’s a problem.

Dr. Joe Jacko

Yeah. The American diet is probably not the diet you want to follow.

Andrew Mitchem

Not really. No.

Dr. Joe Jacko

And the serving got the restaurants are huge. They’re usually enough for two people. And then you know, we had the World Cup here in the US and we had a lot of people from other countries coming here. And a lot of things they were talking about was the food. Yes. And the servings and just the wise variety of selection.

Yet you can get here in the US. Yeah, but our food is pretty doctored up. It’s very tainted and highly processed and manufactured and not the healthiest.

Andrew Mitchem

What can like. I’m very lucky. We live on 11 acres. We grow our own food as best we can. We live kind of, you know, self-sufficient, mostly. And that includes, like, water as well with rain water and treat it and things like that, you know, grow our own food, meats, etc. but obviously not everybody can do that either time wise or available land.

And what kind of things could people do who don’t have that space available to grow some food? Is there a few things.

Dr. Joe Jacko

In terms of the food you want to eat, things that are most natural state as as possible? Yes. So that means really avoiding the processed foods. There’s maybe 3 or 4 simple tips that I tell with most patients. Number one, chip shop the perimeter of the grocery store and don’t and try to avoid anything the box bad bad can or jar.

Yes. Which is pretty difficult. And the other thing really important nowadays we’re learning more about these microplastics. Yeah. Invading like all our live our heart but even our brain, you know, many of us are walking around with a teaspoon of plastic in our brain.

Andrew Mitchem

Yeah, yeah.

Dr. Joe Jacko

And so you really want to avoid the plastic? You know, I think we need to go back to paper and glass as much as possible.

Andrew Mitchem

Absolutely. Glass for storage.

Dr. Joe Jacko

Right.

Andrew Mitchem

Absolutely. What about things like farmers markets and organic markets. Oh yeah. Yeah. You know those type of things as well. If you have.

Dr. Joe Jacko

You know, I don’t know how it is in New Zealand, but in the US, the food labels are really kind of misleading because they have a lot of leeway. So it says, you know, 20g of protein, it may only be 16. And if it says, you know, only 100 calories, it may be 120. And if you know the trans fat thing too, it could be 1%.

They can get away with saying zero, those types of things.

Andrew Mitchem

And so you would be seeing a definite relationship, I’m guessing, between people who are healthy and they’ve got physically, and then they have the mental stimulation to be able to go and, you know, think and work at certain things. Whereas other people who are getting more and more potential beasts and, you know, they’re not thinking with clarity, would there be some kind of relationship there.

Dr. Joe Jacko

Right, that if if you were to take most patients complaints and distilled into one word, what they want is energy? Yes. And so people who are eating properly and exercising, they tend to have more energy and they’re just more optimistic. And they kind of get into an upward spiral. And people who aren’t exercising and eating poor food, they’re defeated and tired.

Their mental outlook is down. So like for people with mental health disorders, one of the things they should do is really the first thing they probably should do is change their diet.

Andrew Mitchem

Yes. Yeah, absolutely.

Dr. Joe Jacko

So you get a little bit exercise before, you know, before we start promoting medications. And although there’s a role for those but we’re too quick in here, at least in the US, to prescribe medications for a lot of things that can be addressed through lifestyle.

Physical work and exercise.

Andrew Mitchem

Yeah, absolutely. And what about getting outside as opposed to you see, like a lot of people like personally, I’m not a gym person. I couldn’t think of anything worse, only because I had the ability to get out inside in a beautiful environment and do physical work, and I get more mental stimulation from, you know, chainsaw and cutting logs, for example, or gardening.

Then I would pumping iron all day in a gym. So to me, fresh air and sunshine is just as important.

Dr. Joe Jacko

Well, for sure. I mean, as soon as I get home from the office, I go out on my deck at my home and I actually do some work out there with this, you know, sun beating in my eyes. Although we don’t get a lot sun here in Ohio, but not like you do there in New Zealand. But you make a good point.

You don’t have to do the structured exercise, you just have to be active. So if it’s walking or chopping, chopping wood, that’s great. Yeah. You only have to be pumping iron.

Andrew Mitchem

No.

Dr. Joe Jacko

No, I’m sure you’re aware of the blue zones and a lot of those, you know, those are places throughout the world where people tend to live. A higher percentage of people live to be 100. They’re just generally active. They have their own gardener kind of doing what you’re doing. They’re growing some of their own food. Yes. And they’re just physically active throughout the day without necessarily weightlifting and you know.

Right, right.

Andrew Mitchem

Yeah. You don’t need to go and drip sweat just to be fit. You just need to be outside doing things. And.

Dr. Joe Jacko

Right. Most of us are center we. That’s kind of a quick way to correct that problem is to go to the gym.

Andrew Mitchem

Oh yeah. Yeah. No, I, you know, fully accept that for some people that’s their option, which is absolutely fine. But I think if you.

Dr. Joe Jacko

Have you talk about being outdoors, you know, one of the things we didn’t do in Covid compared to the Spanish flu back in 1918 and 1920, when they go back, the people who fared well during that Spanish flu outbreak, they were treated outdoors. That’s right. And in sunlight. And during Covid, we did a complete opposite. We locked people up and shut them out indoors and had them surrounded by other sick people.

Andrew Mitchem

Well, we were told here by our very famous, but not my best friend at the time, Prime Minister, don’t go out. Don’t talk to your neighbors. Don’t do this. Don’t do that. Phone up someone who you see talking. You know, it was it was awful. The the fear that they put into people at that time was just horrendous.

And it had no mental health benefits at all, right.

Dr. Joe Jacko

And unfortunately, I think all our institutions do that, whether it be the education system, the banking and financing, we we are they motivate us by fear.

People still follow and trust the mainstream media.

Andrew Mitchem

Correct. So that leads on nicely then to things like press, TV, media and whether it be finance or health or anything else. Why is it do you think that so many people are trusting in those institutions, even though with a bit of thought you can see that most of them are not good, but people blindly continue to watch, listen, read.

But also the thing that annoys me is that whether it be again be finance or through financial crashes or whatever it might be, governments, councils, most of those people with authority don’t end up having any consequence. So then we believe the next one thinking they’re going to be better. We vote in a new government thinking they’re going to be better, right?

Dr. Joe Jacko

Yeah, we we’re just conditioned, I think, for the registration system to trust authority. And you can respect them, but you don’t necessarily have to trust them all the time. And I think the hard part is trying to figure out when can you trust them and when when you cannot. Yes. And I think there’s you know, I think we all have like, this built in radar that tells us, you know, something’s not adding up here.

And whether it be, you know, with financial information or medical information, whenever that happens, you really need, you know, you really need to trust your instincts on that. And then take a step back and start asking some, some questions. And probably the most important question is why? And if he has that long enough, generally you get to the core of a problem.

Andrew Mitchem

That’s right. You keep asking why? Why someone saying this? What’s happening here? Why? Yeah.

Dr. Joe Jacko

And the other thing too is I think we, you know, we kind of email this, that we tend to trust people who really pay no consequence for the poor decisions they make on our behalf.

Andrew Mitchem

That’s right. Yeah. There’s no consequence for most things, are they?

Dr. Joe Jacko

Yeah. They don’t pay any consequence for their bad decisions and we have to live with them.

Andrew Mitchem

That’s right. And as traders or people in business, people who are self-employed, business owners, if you make bad decisions, there are consequences. Clearly, you know, bad trade, bad results, lose your business. People become unemployed. But it just staggers me how these people move on or get taken on by another institution somewhere else, even though they’ve obviously failed at what they did.

You know, last.

Dr. Joe Jacko

Time, I think in government you kind of fail up, you know?

Andrew Mitchem

Yeah, yeah, it seems to be. And it’s amazing that they get more and more money or they retire. They still get these huge retainers or security, whatever it might be. Perks of travel. Yet they completely failed at what they did. And people are just hoping that the next person in charge is going to be the one to trust this time, right?

Dr. Joe Jacko

I think that it gets to the point of you. You have to rely more on yourself. And I don’t think I think we’re too quick to want other people to solve our problems, particularly if it’s the government. Yes. And generally they make generally they create the problem and then they try to fix it and they make it worse in the in the process.

Least. You know, that would be my opinion.

Andrew Mitchem

That’s right. Yeah. Yeah. And one of the things I find with a lot of people who I teach is they generally, you know, the good people who do well are the ones who are independent thinking, who do want to do something a little bit different, who don’t want to rely on. Here’s some money handed over to the bank or whoever it might be.

And you don’t have to do that with all your funds. And you know you can trade for other people, but it’s just there are other ways of of creating a passive income. And also.

Dr. Joe Jacko

I think a lot of people are afraid to make mistakes. So they correct. They’re very so they’re not willing to try new things, whether it be investing in forex or bitcoin or something else. They don’t want to take the time to learn how to do it properly.

Andrew Mitchem

Yes. Is there also that fear of being looked at slightly differently? I know when I started into trading, I just sort of recently got divorced, but I was looking after a young child and I remember people saying to me, oh, look, you need to go and get yourself a proper job. And, you know, and, and I thought, well, I can’t actually go and do that.

I’m looking after a kid. And, you know, it’s quite hard to do that. But, you know, there was always that in the back of my mind, everybody says, go get yourself a real job. You know, you’re wasting your time doing this. And I see that whether it’s finances or, you know, people when it comes to medicine, they just want to follow what other people, what you perceive other people think you should do.

Dr. Joe Jacko

Right? Yeah, we’re pretty motivated. Or we tend to leave lead lives that we expect. We that others think they want us to leave. So we’re trying to keep them happy rather than trying to really do what we really what we really want to pursue.

Andrew Mitchem

That’s right. Yeah, exactly. And and as we all know, life.

Dr. Joe Jacko

Be a little quick.

Andrew Mitchem

I’m sorry.

Dr. Joe Jacko

You have to be a little stubborn and stick to your guns. This is what I want to do. This is what I’m going to do it. And, you know, heck, with everybody else out there.

Andrew Mitchem

Yeah, I think the whole black sheep mentality is not a bad one. You know, it’s, it’s good to be different. You know, you’re not going to get it right every time, especially as like an entrepreneur type of person or, you know, thinking differently about your health. It’s not everything’s going to be perfect. But I think.

Dr. Joe Jacko

Well, you know, security is part of that. We think. Yeah. And so I think we feel comfortable if we’re part of the majority. And I historically have found that I do better if I go the opposite direction. You know.

Andrew Mitchem

It’s like that phrase you hear, you know, you always hear the when you jump in the back of a taxi or, and Uber. And if a cab driver says by then you sell and then do the opposite. Hearing is the majority and you’ll probably do quite well.

Dr. Joe Jacko

Right?

Health cheat sheet – link is in the description.

Andrew Mitchem

So, Joe, what can like what can you offer people? How can obviously we have a, you know, the forest training coach. We have clients right around the world. You know, people are always interested in health and finances because I think the two correlate massively together. And what can people do to find you? What can you help them with?

Dr. Joe Jacko

Sure. Well, I have a website called JackoMD180.com and we do have an offer for your for your listeners. And it’s called the Energy Reclaim Playbook. So what they’ll do is they’ll go to forecast forex excuse me Forex.JackoMD180.com and they’ll put in some information and then we’ll send them some a couple components.

One will be a trial of the website which has about 1200 articles that will teach you how to regain your energy. Both exercise, nutrition and I do a lot of hormone replacement to particularly with males. And then we also have that doctor cheat sheet I was referring to where we have seven questions that are designed to help them find a physician that will partner with them, that will work with them and help them, you know, reach their health goals, as well as teaching you questions to ask so that you get the best information and all the information you need to make the best healthcare decision for yourself.

A lot of times we’re kind of making the decisions for our patients, by the way we present the information and we’re kind of leading you down a direction we want you to go, and not necessarily one that’s best for you. So if they go to the Forex.JackoMD180.com, they can put in their information and we’ll be sending some information to their inbox.

Andrew Mitchem

Awesome. Thank you for that. And of course I’ll put a link to that website as well that URL here. Do you think that it’s probably the health side of things is probably a combination of a lot of things? You know, to me, there’s not just one answer and, you know, it’s from I’ll give you an example of the things that I try and I don’t know which ones are better or worse.

You know, I do grounding, so I try to wear no shoes as much as possible. Have a grounding met on the bed. I drink lemons and two and ginger and garlic. Each day. I do the sauna and the cold plunge and you know the physical work. There’s all these things like the blue light blocker, glasses for the screens and all those type of things, and I can’t tell you which one’s better or worse, but I know that a combination of all of them, the different types of waters that I drink, hydrogen, water, they all add up to make you feel better.

Would you agree.

Dr. Joe Jacko

That the whole key is to tip the odds in your favor, that you’ll live healthy and not only healthy and longer and more productive lives, that you can have ongoing impact on those around you? So much of what you’re doing is what our practice does here in Ohio. You know, we have a medical practice, but we also have a fitness center.

We have hot, hot saunas and coal plunges. So yeah. So I think you just want to stay stay current on the on the literature and try to incorporate those things into your daily routine as much as possible. We talked a little bit about a little bit about avoiding plastics. You want to do that for sure? Yes. Eat organic.

Eat natural foods as much as possible. Get the proper sleep. Stress management is a big one, and I’m not sure how it is in New Zealand, but we have a of depression anxiety here in the United States, and I think a lot of it has to do with the financial situation. A lot of this 20 year olds just see no, no hope in the future of owning a house or.

Andrew Mitchem

Yeah.

Dr. Joe Jacko

I think moving up the ladder pretty.

Andrew Mitchem

You know, we’ve got five kids and I think that’s pretty tough. You know. And I suppose every generation thinks that housing’s a hard thing to get into. But it does seem particularly hard. Earn their or your money just doesn’t buy you much. You know, people were living. I’ve just come back from two weeks in Australia and beautiful, you know, environment.

But most people on the east coast, Australia are living in big high rises and little boxes and I’d be so depressed saving in that. But, you know, it just seems that what people can afford now is just giving them a little box so that like we said earlier, they go to work, they earn the money, they dress up smartly, and they spend all their money on that.

And then they have to go to lunch because everybody else goes to lunch and you come back and you’ve got nothing for it. And that whole we’ll just keeps rotating.

Dr. Joe Jacko

I think part of you got to have your, your priorities. So what’s important to you and then allocate your funding, you know, to help get reach those goals.

Priorities and how you spend your money and time.

Andrew Mitchem

And there’s an interesting point that I was mentioned. And it’s so obvious when you think about it. And when people go, I don’t have time. And that’s always excuse. And people go, oh, I start your course sometime, but I’m too busy right now. And it’s like, well, all of us. Doesn’t matter where we live in the world, how old we are, what race we are, how rich or poor we are, how else are we are?

We all have 24 hours in a day. It’s how you use it, right?

Dr. Joe Jacko

Yeah. Warren Buffett has 24 hours, just like you and I.

Andrew Mitchem

That’s exactly right. We’ve all got the same time and we’ve all got less of it left. So it’s really important that people, you know, hope.

Dr. Joe Jacko

I think we’re making excuses for our shortcomings. Yeah, they have a hard time looking in the mirror and taking responsibility for our shortcomings.

Andrew Mitchem

Yes, it’s all about getting those priorities right and and and setting those goals and and starting today.

Dr. Joe Jacko

Yeah. So just start you know, we just wanted start with one discipline and then, you know, just add 5 or 6 disciplines that you do every day, whether it be in your health or your financial situation or your relationships, just do half dozen things every day consistently. And I think you’ll see improvement in your life in, in many different areas.

Andrew Mitchem

Yeah, absolutely. Thank you very much for your chat today. I really enjoyed it, and I hope that it’s made a lot of, you know, maybe triggered a few ideas for people with health and finances both important of course.

Dr. Joe Jacko

I appreciate it. Thank you Andrew.

Andrew Mitchem

It’s been awesome chatting to you. Thank you Joe.

Dr. Joe Jacko

All right. You have a good one.

Episode Title: #651: Your Health Could Be Ruining Your Trading

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In this video:

Can you trade successfully just 1 time a day as a full-time trader? Well, absolutely you can. And that’s what I’ve been doing for the last 2 weeks since I’ve been here in Australia on holiday with my wife. I’ll explain exactly what I’ve done and how you can do the same. Let’s get into it right now.

Hey Traders! Andrew here at The Forex Trading Coach with video and podcast number 650.

Trading while on holiday.

Currently on our last day in Australia, and we’re currently in Brisbane, as you can see behind me with the bridge and the cityscape behind that. So it’s currently Sunday and I’ve already been through the daily and the weekly charts for the beginning of next week.

know what I’m trading when the market opens.

This time tomorrow I’ll be on a plane flying back to New Zealand, and so it’s really important for me to already know what I’m looking at taking. I’ve been through the charts, I’ve scanned through them, I’ve got 2 daily charts setting up really nicely, and I’ve got 4 weekly chart trades. So as soon as the market opens, I can go straight to those 6 charts.

I can look at them and I can make a very informed decision if I want to take those trades or not. Now, barring any major opening gaps, I will certainly be taking those trades. So it means already my Monday is just going to be literally a few minutes looking at the charts, confirming and placing the trades. And that’s the beauty of knowing what to do and trading just 1 time a day.

You don’t have to trade more than once a day.

Now normally at home I’ll look at the charts 2, sometimes 3 times a day. But while I’ve been here in Australia for the last 2 weeks, I’ve just traded just 1 time a day, traded the daily charts and the weekly charts only and, you know, done very well from those trades, and you can do exactly the same.

And don’t forget, as I’ve mentioned many times, at the beginning of the day you can also look at, say, like 12-hour charts, 8-hour charts and 6-hour charts.

But tomorrow, being the beginning of the week, I’m just going to be focusing on those daily charts and the weekly charts that I mentioned, and it means that literally tomorrow I’ll be spending just a few minutes and placing those trades, and that’s my trading done for the day. Shut the laptop, jump on the plane and head home.

Trading while working or travelling.

Now I’m on holiday doing that. You can do exactly the same whether you’re traveling like me or whether you’re just, you know, normal day-to-day life going on. And it just shows that you can trade very, very well by trading just 1 time a day.

You don’t have to trade sessions – it’s a myth.

There’s a whole perception out there that you have to be sitting glued at the charts and at certain times of the day, like, let’s say, European session or US session.

And people think that they have to trade these sessions. You don’t. It’s not important that you do that. It’s almost a bit of a myth that people think they need to do that.

And honestly, after trading for, what, 21 years full-time, you do not need to do that. And there are far better ways of trading. And I love the set-and-forget approach.

I love using strength and weakness, but I also love the fact that right now, on a Sunday, I’ve already been through the charts and I know exactly what I’m going to be placing tomorrow. It just makes life easy and it makes your trading enjoyable.

Check out my new Masterclass.

So if you’d like to find out more about how we do that, I can strongly recommend you jump onto my masterclass, and you can also find out about how we can help you to do the same on that masterclass.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a really good broker, they’re based here in Australia, and they’re Blueberry Markets. And there’s lots and lots of brokers that you can choose from, you know. And there’s some quite good ones and there’s lots of good ones.

I’ve found over the years that Blueberry Markets are consistently very, very good. Fast withdrawal speeds, great conditions to trade, good spreads, good platform, good people to deal with. So I’ll put a link to them as well.

So that’s it for this week. I’ll be back in New Zealand next week with more trading information just like this. I’ll see you then.

Bye for now.

Episode Title: #650: The Forex Trading Routine That Gives Me My Life Back

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In this video:

I’m going to give you some tips about the best way to trade your account if it’s, say, like a $500 or a $1,000 live account. Let’s talk about that and more right now.

Hey there, Traders! Andrew, The Forex Trading Coach for video and podcast number 649.

Trading on holiday in Brisbane.

I’m on holiday here in Brisbane with my wife. Been here for the last 10 days, having a great time around the area, and just received an email just a few minutes ago from someone that made a perfect video and podcast topic.

They asked me, they said, “Look, I’ve got a $1,000 live account. How can I trade it? What are the best things to do and what should I be looking out for, you know, as a new trader with that size account?”

Are you firstly profitable on your demo account?

So to me, the important things are that you make sure that, 1st of all, before you go live, that you are profitable on your demo account.

When you open a demo account, make sure you open that demo account with a similar size account than you would with your live account.

So in other words, if this person is starting with $1,000 live, then start with a $1,000 demo. Don’t start with, say, like a $100,000 demo and then go to $1,000 live because it’s just not going to be the same.

And the issue that I see with a number of brokers, you know, they sort of default to like a $100,000 or $500,000 demo account. And it’s just not real when you go live. So that’s the 1st point. Make sure that you’re profitable.

Position sizing on $1k account.

When you go live, if you do start with something like $1,000, you’re going to be really struggling when it comes to accurate position sizing.

So you’re probably, on most trades, going to end up just taking 0.01 lots. There’s not a lot of choice that you have on that.

Like, if you’re still trying to keep that low risk and high reward-to-risk out of your trading, but you are probably going to struggle a little bit more when it comes to the real accurate position sizing.

So I’d suggest that you go 0.01 on pretty much everything, and if your money management allows you to go up higher than that, then do so. But, you know, you’re probably not going to get it very often.

Downsides to trading a $1k account.

And the issue that I see when someone has $1,000 now, for some people, $1,000 is a lot of money. For other people, $1,000 is basically play money.

The downside for those where it’s play money is that they go, “Oh look, it’s just $1,000. I don’t really care if I lose it. I’m just going to, you know, just play around with it basically.”

And the issue there is that they don’t treat their trading properly.

The other scenario, when the $1,000 is a lot, is that I look at it sometimes and think, well, if it’s a huge amount of money for you, should you really be trading that $1,000?

Would you potentially be better off understanding your strategy still, and then maybe putting some money into maybe a prop firm where you can prove to them that you can trade properly?

Because, of course, you could do that with maybe, you know, $50, $100, a couple hundred dollars, depending on the size of the prop firm account that you’re going into.

But you might be better off rather than trading that $1,000 of your own money and trading that prop firm’s funds. But of course, once you know what you’re doing.

Trade the account properly.

So whichever way that you go, the important thing is that you trade it properly and you treat it like it was a lot more money.

And so the key there is, like I said, low risk, low lot sizing, trading it properly.

If your strategy says you close before the weekend, make sure you do it. Don’t just go, “I don’t really care if it stays open over the weekend,” you know. And if that’s not your strategy, make sure that you treat it properly.

Forget how much money you are making.

The other important thing to make sure that you do well on that $1,000 account is don’t worry about how much money you’re making.

A lot of people say to me, like, “How can I make a living off trading with a $1,000 account?”

And the answer simply is you can’t.

But it doesn’t really matter. The point of a small account is to get you into the mindset and the mentality of trading live because it affects your head and your heart when you start trading live money as opposed to demo.

And that’s the downside, of course, with demo. You never have those true emotions in your trading, whereas you do when it starts to become real money.

Focus on the percentage gain you make.

So the key is not whether you can make, say, like, you know, turn your $1,000 into $2,000 or $5,000. That’s just silly. This is gambling.

The key for me is, let’s say that you turned your $1,000 into, say, $1,200 or $1,400, $1,500.

You know, it’s a 20%, 30%, 40%, 50% return on your account with low risk.

And then you can start compounding on that and getting more accurate position sizing once you start getting into, you know, up to $1,500-$2,000 and beyond.

So really important that you understand the trading 1st, that you’re profitable, you’re comfortable 1st, and then trade your small $1,000 account, if that’s the way you want to go, properly.

And make the mistakes on the demo.

And also you’re going to potentially make a couple of mistakes when you 1st go live as well. That’s fine. That’s just part of the journey.

But it’s not going to cost you an absolute fortune.

So I hope that helps.

This is Andrew here at The Forex Trading Coach, enjoying Brisbane here, and I’ll see you this time next week.

Bye for now.

Episode Title: #649: If You Only Have $1,000 to Trade Forex, Watch This First

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In this video:

Today, I’m going to give you my 10 minute morning trading routine that saves me hours each day as a full time trader. Let’s get into that more right now.

Hey there, Traders! It’s Andrew here, The Forex Trading Coach with video and podcast number 648.

Important to trade a routine.

I think it’s really important that you have a routine in your trading. I think it’s also really important that you don’t spend too long doing your trading. But to do that, you need to know exactly what to look for. Now I have a very easy to follow and implement 10 minute trading routine that I do each day, and I do this at the completion of the trading day, which is 5 p.m. New York time.

Now that happens to be my morning time here in New Zealand. And each day I go through the daily charts at the completion of the daily charts, when they’ve closed at 5 p.m. New York time. And that allows me to quite easily in 10 minutes, go and scan through the charts and see what’s happening in the markets.

Helps identify Strength and Weakness.

I can easily identify strength and weakness. I can see which pairs looking like they’re all moving up. So let’s say all the Euro pairs for strong that day. And therefore that gives me the bias that maybe the euro strong. And maybe I should be looking at the pairs that have weakness and strength in the euro. So example let’s say the US dollar was particularly weak all day.

And I can see that the euro strong. Well, that’s going to give me the bias that maybe the EUR/USD might be worth looking at, depending on its candle pattern and it’s room to move, etc. when trading for that day.

Also trade H12, H8 and H6 charts.

So once I’ve scanned through those charts on the daily charts, I can also at the same time have a look through the charts on the 12 hour, the 8 hour, and the 6 hour, because, you see, they all close at the same time.

And at that 5 p.m. New York time is a really important time for me as a trader. But if that doesn’t work for you, don’t worry about it. You don’t have to be trading at exactly that time. You see, the beauty of trading those longer time frame charts and the beauty of trading using limit orders is you’ve got hours and hours and hours to actually place the trades, because with limit orders, let’s say a buy limit, I’m looking for the price to move down first anyway and get me filled.

So if you can’t place those trades, let’s say you’re in Europe until your morning time. Most of the time those trades are not going to get filled anyway, so you don’t have to be there. Bang on 5 p.m. New York time.

Eliminate pairs you don’t want to trade for the day.

Now, the other thing is when it comes to trading, is that because I’ve scanned through those charts, I’ve eliminated a lot of pairs.

I don’t want to look at that day, and that’s going to massively help me throughout the rest of the day. My other important time that I like to look at charts is 5 a.m. New York time, because at that time, other timeframes such as the 12 hour. The 6 hour. The 4 hour, 2 hour charts also change over.

And of course, it’s European daytime by then as well. So by doing the morning scan, I can then help shortcut any other trading opportunities that I look at later in the day.

Now the other important thing is to only look at a candle on the close. So if you are looking at, say, 4 hour charts, just look at a 4 hour chart.

Once the candle is completed, if you’re 2 hours into a 4 hour chart, it’s pointless looking at it because it’s just going to move so much and you’re just not doing yourself any favors. You’re wasting time. So by identifying on the bigger time frame chart, the levels that I’m looking at, the pairs that I want to focus on, or the pairs that I don’t want to focus on.

That 10 minute morning scan for me saves me hours every day. It also means that I’ve fine tuned what I’m looking for, and I know exactly what charts to go and look at throughout the rest of the day. Now, if you do this, it’s going to save yourself a lot of time and a lot of effort.

Weekly chart scan.

And think about this also because at the beginning of each week, I do the exact same scan on the weekly charts.

Now, if I happen to have the weekly charts and the daily charts all showing me the same bias, let’s say EUR/USD on the weekly chart was bullish and on the daily chart it’s bullish. Well, guess what’s likely to happen that day. Now if I see a good bullish setup on let’s say a 4 hour chart, I now have strength on the daily, I have strength on the weekly and I have the quality set up, let’s say, on that 4 hour chart.

So you can either use the scan to take specific trades based off candle patterns on the weekly charts or the daily charts, or use that information if you wanted to trade shorter time frame charts because you’re putting strength and weakness and that strength bias in your favor, it has to add more weight and likelihood to you having a successful trade.

Check out my new Masterclass.

So if you’d like to know more about how we do that and how we can help you to do the same, jump onto my masterclass if you’ve not already been on there. Look, we’ve been teaching people for over 17 years from right around the world. We’ve got clients in 111 countries. We know what works, we know what doesn’t work, and we know how to impart that information and that knowledge that we have onto traders.

So whether you’re brand new and you’re just starting out in trading and you’re a bit lost and confused because let’s face it, as a it’s a minefield out there, or whether you’re that frustrated trader that’s been out there and, you know, tried everything under the sun and about to give up, well, we can help you as well. So jump onto that masterclass.

Blueberry Markets as a Forex Broker.

And if you’re looking for a high quality, MT5 broker that offers so many markets, tight spreads, great people, great communication, fast withdrawals, I highly suggest you can set up Blueberry Markets are put linked to them as well.

Use my 10 minute scan each new trading day.

So this is Andrew here, The Forex Trading Coach. Don’t forget the 10 minute routine at the start of the new day will save you hours.

It makes your trading high probability outcome and makes your trading more enjoyable. And it also means you can do things like getting outside and enjoy the great outdoors, or do whatever it is that you want to do. But please don’t sit on charts watching every pip of movement. It’s just not enjoyable and it’s not sustainable. Do the opposite.

Trade less high quality trades, controlled risk, high reward to risk outcomes and you’ll do well from your trading. Any questions? Send me an email, [email protected] I see this time next week. Bye for now.

Episode Title: #648: This 10-Minute Trading Routine Saves Me Hours Every Day

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In this video:

Do you realize that the market doesn’t care why you entered the trade or where you entered the trade? So why do people have this massive obsession with moving their stops to break even all the time? Let’s talk about that and more right now.

Hi there, traders! It’s Andrew here at The Forex Trading Coach with video and podcast number 647.

Should you move your stop loss to breakeven.

Outside on another stunning winter’s day here in Nelson, New Zealand. So today I want to talk about moving your stops to break even. Why do so many people do it? I’ve had so many discussions with people. It’s got me into a bit of trouble in the past at certain trading conferences that I’ve been to because of my opinion.

Now, I’m not saying don’t move your stop to break even. If you have a strategy and it works, go for it. I’m not saying you shouldn’t do it.

But my question to you is, why do you do it? And what’s the point in doing it?

You see, so many people just think moving their stop to break even is a safe way of trading, and it protects losses, which in some ways it can do. But there are so many better things you could do.

No relevance to the price you entered.

You see, for me, moving a stop to break even has no relevance. The market doesn’t care when you entered the trade, why you entered it, or what the price was.

So you’ve just entered the trade at some random price. You’re in the trade now. Simply putting your stop loss at that entry price, what does it mean? It means nothing.

Technically, it means nothing. If you’re a news trader, it means nothing. What is the point in doing it?

And for me, it’s just a bit of a fluffy, feel-good thing. You know, pretty brutally honest, but I think it’s true that people just feel okay about not losing on the trade.

Alternative ways to manage a trade.

Now, the issue I have with that—well, there are many. Moving your stop loss to that price point has no relevance.

So what you could do instead is maybe close part of your trade. You could move your stop loss, if you really want to, but to a technical level. Don’t just put it simply at the price that you got filled at in the market.

You could, on a buy trade, let’s say, put it below the last swing high, or you could put it below a round number and stagger the trade up as it gets into profit. That’s 1 thing you could do.

Of course, if you wanted to do those types of things or partially close a trade, I would do it for a reason.

I don’t just do it because, you know, you feel like it. Do it for an absolute reason. And I think that’s the important thing here.

We’ve got to try and get our emotions out of trading and manage our trades for a reason, not simply because it feels good.

Take the full profit not a partial profit.

The other problem I have with moving stops and messing around with your trades is when you close a trade early, what you’re doing is limiting your potential gains.

Now think of it this way. For most people, if they take a loss, they take a full loss. If they move their stop loss to break even, they basically get nothing from the trade on the entire position, let’s say.

But what happens if you’ve already partially closed some of your trade and it gets to the full profit? Well, you’re not gaining the full lot size of your original trade when you hit profit.

So when you say you made a 2-to-1 trade or a 3-to-1, whatever it might be, you might only be making that on part of your original lot size. So your actual overall gain is nowhere near the amount it should be.

So for me, it’s quite important that you enter a trade for a reason. You put your stop loss at a safe level for a reason.

You know your risk, your complete risk, if the trade goes completely against you, and you put your profit target at a level for a reason.

So therefore, if you’re risking, let’s say, 0.5% and you make a 3-to-1 trade, you make the full 1.5% gain.

I think it’s really important that you do that because, like I said, if you take losses, then generally you’re taking the whole loss anyway.

So you want to make sure that when you hit a profitable trade, you get the full gain on that.

Check out my new Masterclass.

A few additional things for you. Have a look at our masterclass. You’ll find it really useful if you’re new to trading. It’s about 20 minutes long. I’ll put some details under this video and podcast.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a really good broker, I can highly recommend Blueberry Markets. They’re a really good bunch of people, with very quick withdrawals as well, very tight spreads on their trades, and lots and lots of markets on their MT5 platform.

Forget moving your stop to breakeven.

So that’s it for this week. Just consider breaking even. Consider not doing it. Consider better ways of doing it, and try not just to feel fluffy, nice feelings about your trade simply because you’ve made $0.

Episode Title: #647: I Never Move My Stop to Break Even… Here’s Why

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In this video:

Hey there, Traders! This is Andrew here at The Forex Trading Coach. If you’re out there looking to become a good trader, there’s nothing better than following someone in real time, asking questions, and seeing them trading.

On our webinar just last night, I took 2 sell trades on UK Oil and US Oil. They both happened in real time. They were both profitable, and I’m going to share those video clips with you right now.

Live trades taken on my European session webinar from 13th August 2026.

Bradley and also Isaac just mentioned the UK and US Oils. Bradley on US Oil. Oh, sorry, Isaac on US Oil, Bradley on both.

On 1-hour charts. Guessing they’re going to be bearish. Oh yes. Very nice. Good spotting. Good spotting.

Yeah, nothing wrong with those 2. Very nice. And the fact that they are both pulling back right now gives us just that little bit extra. There’s 89.50, and it’s bounced, I’m guessing, at 90 or pretty damn close to 90. Only a few pips away. So that’s excellent.

Got a round number in there of 83. Do you know what? I think they’re both good. I’m going to take them both. Appreciate you finding those 2.

2x H1 Oil trades hit their profit targets in 31 minutes on a live webinar.

Well, that one’s very close. So is that one. There we go. Happy days. Now, only on very, very, very, very, very tiny amounts for me on here. Okay, so they’re only at 1/8 because I combined to put them on the normal level.

But regardless of that, how much I make or you make is irrelevant. It’s the percentage that we look at, risk and reward-to-risk.

I think we said on these, so it’s about 44 pips and it’s just about hit the profit target. So that’s well over 2, wasn’t that? Pretty much bang on 2. There we go. Just hit profit right then.

And if we go to UK Oil, ooh, we’re about a fraction of a pip away. Just got the spread. There’s bid, ask, and there we go. Profit on that one as well.

So really nice to see 2 live trades both hitting profit. Notice that they’re both continuation trades as well. So UK Oil, US Oil, both hitting profit there.

So thank you. I think that was Ryan and Bradley who found those 2, and I think Isaac as well. You mentioned 1 of them as well. So great spotting, and hopefully you all just made a profit on those 2 trades. Thank you, Dean, for letting me know.

5 trades taken live on the webinar.

So there you go. Hope you enjoyed looking at those 2 trades and learning from them.

So that’s exactly what our clients do on all of our live webinars. I ended up taking 5 trades on the webinar live in the end, but those 2 I wanted to share with you because they’re really quick trades.

They were both in and out of the market in 31 minutes.

Now, the 1st trade, the UK Oil, also had a 1.3-to-1 reward-to-risk, slightly lower than we normally take. However, you just saw the reason why I lifted my stop loss to above the round number of 90, just for that added protection.

And of course, why would you not do that when you’ve got such a powerful level just there in the way? Use it to your advantage.

The US Oil made a 1.7-to-1 reward-to-risk trade, so really good profitable trades in just 31 minutes.

Both trades were taken live, and you can see the profitable results.

Learn while you earn.

So our clients not only could see me take those trades in real time, they could learn from them. And of course, if they took them themselves, which most people did, they made profit from those trades while being on the webinar.

So again, it comes back to learning why we’re taking those trades and seeing us do this in real time.

You know, we’re not hindsight traders. We’re not just out there closing just good trades and ignoring the others.

We’re putting all of our trades there on the webinar in real time for people to see and follow, like we do every day with our daily chart trades.

European and US session webinars.

But our webinars are held in the European session 1 week, US session the next week. They’re all live, they all get recorded, and so our clients have the opportunity to attend them live or watch the recording if they can’t get on there live. And it’s just such an invaluable resource.

If you’d like to know more, I’ve put together a new video on our homepage at The Forex Trading Coach, and there’s the opportunity to download a PDF there that gives you lots of information about how we trade and how we can help you.

Blueberry Markets as a Forex Broker.

If you’re out there looking for a really good broker, I can highly recommend Blueberry Markets. You would have seen I took those 2 trades on that live webinar on my Blueberry Markets account.

I’ll put a link to them as well. I’ve been with them for years. Really good people, really good broker, very fast withdrawal times as well. You know, they’re really quick to deal with and efficient as well.

Gold Daily trades taken.

And Blueberry Markets have lots of other markets available. Just today, for instance, I’ve taken 3 gold trades on the XAU/EUR, XAU/USD, and XAU/SGD.

So lots of options there with Blueberry Markets to trade the market that’s showing the best setup at the right time.

Like, share and subscribe.

Don’t forget to like, share, and subscribe, and email me directly at [email protected] if you’ve got any trading questions.

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Episode Title: #646: Watch Me Take 2 Live Oil Trades… Both Won in 31 Minutes